It's not enough to be richer. For civil servants or government officials, the job is their way of earning an adequate living and survival. Many applicants have this issue. They are pondering what they could do if they were IAS officers can run a business as a side hustle or pursue a second career in addition to their administrative duties. You can also get the best ias coaching centre in chennai for passing out the IAS exams.
In the article, you'll be able to learn about government laws and regulations for IAS officers. You will also learn about the experiences of several IAS officers who have left their jobs to start businesses and entrepreneurs.
Are IAS Officers allowed to conduct business?
IAS officers are completely prohibited from conducting business for personal gain while serving as an official under federal regulations. However, ex- IAS officers are permitted to manage their businesses. The conduct guidelines prohibit IAS officers from engaging in other full-time jobs. Even in part-time jobs, there shouldn't be any conflicts of interest. Furthermore, the job should be not remunerative. Additionally, the erratic work schedule that IAS officers typically must work for is a challenge to allow them to be employed by any other company.
Conditions under which IAS Officers Can conduct Their Own Business • Retired IAS officers can immediately engage in any profitable business. "Serving" IAS officers can resign their job to manage their own company. Serving IAS officers can use their legal funds to invest in legal ways and buy stocks. * IAS officers could have relatives and friends set up an enterprise in their place when they are advisors and provide their opinions. But, the government has to be aware of this type of business. * IAS officers are permitted to participate in certain occupations and activities provided that it is not a source of income and solely for charitable reasons.
Examples of IAS Officers who quit their Post to become entrepreneurs However, there are also examples of individuals who discover their real purpose later in their lives. These are the stories of five IAS officers who decided to leave their posts and shift their careers to a full-time business.
Conclusion The purpose of this regulation that bans IAS officers from engaging in personal activities is to reduce the risk of conflicts of interest because IAS officers are most focused on policy making and implementation that they can. In business, he might use his position to harm the greater goal of economic and business growth and a fair playing field. It is, therefore, better for IAS officers to focus their focus on their job.